President-elect Trump made plain his dislike for the Dodd-Frank financial regulatory law during the campaign and now it appears his administration will move quickly toward making changes.

Dodd-Frank was enacted in the aftermath of the 2008-09 financial crisis amid concern the nation's largest banks and investment houses had engaged in risky investment practices that helped cause the recession. The law's purpose was to guard against banks that were supposedly "too big to fail" and whose collapse could threaten the nation's financial system.

Dodd-Frank, a sprawling 2,300-page law that touches nearly every corner of the financial services industry, created new agencies to oversee the health of banks and other financial companies; sharply restricted the ability of banks to engage in speculative investments with their own funds, so-called proprietary trading; and created a new agency to protect consumers called the Consumer Financial Protection Bureau, among other initiatives.

Alan Kaplinsky, a financial services lawyer at Ballard Spahr, said he expects that even the CFPB, much disliked by Republicans, probably will survive, although in an altered fashion. "Let's not forget how he got elected," Kaplinsky said of Trump. "He is a populist and I would think that a lot of his constituents want to have a federal agency devoted to consumer protection. I think it would be almost unfathomable for them to get rid of it."